Competing firms are affected by financial reporting mainly through revealing relevant information. As suggested by recent literature (Bagnoli, et al. 2010), the biased disclosure has impact on the firms' competitive position in a product market setting. So when such information is distorted by...

We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework. This evolution drives the dynamic of the agents in both...

We present and analyze a model for the evolution of the wealth distribution within a heterogeneous economic environment. The model considers a system of rational agents interacting in a game theoretical framework, through fairly general assumptions on the cost function. This evolution drives the...

We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework. This evolution drives the dynamic of the agents in both...

Among the large-scale energy storage devices, vanadium redox flow batteries (VRFBs) are one of the most promising candidates. Carbon felt and graphite felt have been widely adopted as electrodes, however, poor electrochemical activities and low specific surface areas have limited their rollout...

Based on a heterogeneous firm set-up, we model firms’ access to the internal capital market, bank finance as well as bond finance and investigate how firms’ adjustment among multiple sources of finance affects their performance in foreign direct investment and aggregate industry...

To examine the impact of capital endowment and credit constraint on firms¡¯ FDI decisions, we build a model of investment portfolio based on heterogeneous firms setup. We find that financial factors matter for firms¡¯ internationalization. More capital endowment or less credit constraint...

Six new coordination polymers (CPs), [Cd(HL)(H2O)2]n (1), [Co(HL)(H2O)2]n (2), [Zn(HL)(H2O)2]n (3), [Ni(HL)(H2O)2]n (4), [Ni(HL)(H2O)2]n (5), and [Eu(L)(H2O)2]n (6), were constructed under solvothermal conditions with an unsymmetrical 4-(5-carboxypyridin-3-yl)phthalic acid (H3L). Structural...

The shape and magnitude of risk preference of China households have rarely been explored due to lack of detailed data on China households’ investment behavior. Using panel data from China Household Finance Survey (CHFS) 2011 and 2013, we intent to investigate the hypothesis of harmonic...